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What are my options for renewing a Thai Retirement Visa if I plan to leave Thailand in December?

Thai Retirement VisaVisa renewalNON-O visaNON-OA visaHealth Insurance requirementsVisa expirationVisa application process
Nov 16, 2023
a year ago
Native ****************
ORIGINAL POSTER
Canadian on a Thai Retirement Visa renewal - Cha am

Thai Retirement Visa renewal due date on December 24 and I topped up my 800K requirement on October 20th.

Planning to travel outside of Thailand for the entire month of December, so wondering what are my best options to Renew my visa OR maybe simply let this Retirement Visa Expire and enter on a 30-day Visa Free Entry to start a new Retirement Visa application when I get back and would that implicate any Health Insurance requirements or any other changes if I do a New Retirement Visa Application versus the Renewal?
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TLDR : Answer Summary
The user, a Canadian on a Thai Retirement Visa, is seeking advice on visa renewal options, given their planned absence from Thailand in December. Key advice includes the need to renew the visa in person starting on December 20th if still in Thailand, the implications of allowing the visa to expire before applying for a new entry, potential health insurance requirements, and considerations of using a visa agent for assistance.
NON-O RETIREMENT VISA RESOURCES / SERVICES
  • Go to the Retirement Visa Section for information on requirements, including age restrictions, financial requirements, and necessary documentation.
  • For immediate assistance, contact Thai Visa Centre directly via LINE at @ThaiVisaCentre or Email them.
  • Explore recent discussions by using the Non-O Retirement Visa tag in the search box at the top of the page.
  • Join the Thai Visa Advice Facebook Group to ask your questions, and get advice from others.
Pelle Eriksson
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Todd *********
Agent like
@THAI *****************************
 will sort it all out and save the stress. Plus you can easily make 40-60k baht on interest with your 800 k somewhere better
a year ago
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Dave **********
@Todd ********
 sorry to be blunt but are you stupid? Told you I never had to keep 800K in a bank account as I made over 65K a year and went to the LTR when they came out.

So why go on and on about something that did not happen? No need to reply just go away.
a year ago
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Todd *********
@Dave *********
 laughs. hahahaha, my goodness. Not the sharpest knife in the drawer
a year ago
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Dave **********
@Todd ********
 I have an LTR so no money is required on deposit in Thailand and before the LTR did my own Extension Paperwork thus not wasting my money on an agent. Times that by 23 years here and its a nice savings. Have a great day as you made mine.
a year ago
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Todd *********
@Dave *********
 me too Dave, LTR is not exactly rocket science is it? 800k baht equivalent in my Mexican bank at 7% annually would have turned your 800k into 3.792,000 baht in 23 years. It seems they didn't teach maths at your school. You made mine also. Refer to my previous comment for accurate assessment.
a year ago
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Dave **********
@Todd ********
 you seem to have overlooked thr new LTR abd not know those who make over 65K a month don't have to have 800K in a Thai Bank. I was laughing and still am laughing at your advice paying a agent, in my opinion case a complete waste of money.

FYI I invest my money in thinks the have outperformed you bank example.
a year ago
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Todd *********
@Dave *********
 can you read well? I obviously DIDN’T overlook LTR, I was one of the first to get it.

And well aware of the easy routing for anyone with 65k. Get the letter of affadavit and it’s dead easy.

I am laughing at your complete lack of investing acumen. Anyone who puts 800k in a Thai bank failed basis financial literacy. Use the agent and refer to my financial example above to evaluate easy returns. Again not exactly rocket science.

In addition to the 7% the MX peso is up 17% on the USD in last 5 years. C’mon Dave. Do better
a year ago
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Dave **********
@Todd ********
 got it your brilliant and no one can invest smarter then you, in your opinion.
a year ago
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Dave **********
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Klee **************
@Todd ********
 totally agree, I’m getting 6.2% in Canada, I would never take my money out of my GIC term deposit in Canada
a year ago
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Todd *********
@Klee *************
 the interest rates should stay high enough there for awhile now. Mexico is solid option to keep money at high interest rates for Canadians too. And peso has been very strong also, which only augments the already high interest rates
a year ago
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Klee **************
@Todd ********
 yup
a year ago
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Klee **************
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Craig *********
@Todd ********
 I was going to ask my bank about what’s available if I put my 800k there long term. Sorry different subject but any short answers?
a year ago
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Todd *********
@Craig ********
 The best you can probably do in Thailand is 1.5% or so on a one year term. Not much. Which is why so many leave their money at home and just choose an agent to handle the details
a year ago
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Craig *********
@Todd ********
 Hear you loud and clear. Surprised it’s that low
a year ago
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Todd *********
@Craig ********
 I think it’s the highest in last decade 😞
a year ago
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Craig *********
@Todd ********
 wow. Im getting 5.45 on a 30 day GIC here
a year ago
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Todd *********
@Craig ********
 exactly. I get 7.2 in Mexico on GIC equivalent and that has been over 7% for a decade
a year ago
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Todd *********
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Graham ******
You only say Retirement Visa so is it a Non-O or a Non-OA (as you mention insurance)? If it is Non-OA and you are on your first year (so a valid Visa not an extension) do a border bounce soon and you will get another 12 months entry stamp (if you have 12 months of insurance). You will need a re-entry permit before you leave in December.
a year ago
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Tim **********
@Graham *****
 good solution
a year ago
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Tim **********
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Phil *****
Why not renew it now?
a year ago
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Tim **********
@Phil ****
 the 800,000 deposit needs to sit in the bank for at least 2 months prior to the renewal.
a year ago
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Klee **************
@Timmy *****
 an agency will take care of all of that
a year ago
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Tim **********
@Klee *************
 what technique does the agency use to get around the regulations?
a year ago
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Klee **************
@Timmy *****
 contact one and they will fill you in on all the details, not to be posted here
a year ago
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Klee **************
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Brandon ************
You didn't plan very well since the earliest day you can apply for your extension would be December 20th. If you're not going to be in Thailand then you have no option other than letting your extension expire.
a year ago
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Native ****************
ORIGINAL POSTER
@Brandon ***********
 Yah I hear you 10-4 on that... Life changes on a dime over here, so I truly did not see this coming, but trying to make the best of it. What are the differences if any on Renewing versus Reapplying? Also, with all the talks on making Health Insurance mandatory for Retirees, this assuming nothing changes from now until then, is there any Health Insurance or any other requirements as it stands today, for New Retirement Visa Applicants?
a year ago
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Brandon ************
@Native ***************
 no health insurance requirement. You'll have to apply for the 90 day non-O first then wait 2 months and then you can apply for a new 1 year extension. You'll have to keep the 800,000 in the bank the entire time until 3 months after it receive your new extension then you can't let it drop below 400,000.
a year ago
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Brandon ************
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Thai Visa Advice and Everything Else
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The Thai Visa Advice And Everything Else group allows for a broad range of discussions on life in Thailand, beyond just visa inquiries.
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